Trade What You See - Almost Naked Trading
2 O'clock means the angle of your hour hand when looking at a clock when it strikes 2:00. In other words, the angle of 30 degrees. 1 O'clock would be 60 degrees, and 12 O'clock would be 90 degrees. Consider 3 O'clock to be 0 degrees. 4 O'clock would be -30, 5 O'clock would be -60 degrees, and 6 O'clock would be -90 degrees ... hope that is clear.
Yeah, that's pretty clear now! Thanks for your quick explanation!
Still unclear about when you're exiting your trades. (Chalk it up to advanced years, few remaining brain cells and Arizona heat!) I re-read post#1 a couple of times but it's still not clear, as it seems you're arbitrarily exiting your trades at different pip profit levels.
A chart showing where you exited and why would be soooo beneficial to me, or perhaps anyone out there could help me see the picture more clearly?
Still unclear about when you're exiting your trades. (Chalk it up to advanced years, few remaining brain cells and Arizona heat!) I re-read post#1 a couple of times but it's still not clear, as it seems you're arbitrarily exiting your trades at different pip profit levels.
A chart showing where you exited and why would be soooo beneficial to me, or perhaps anyone out there could help me see the picture more clearly?
"5. Take Profits (TP) and Stop Losses (SL)
You can place set TP and SL if you are more comfortable with that. I use support and resistence levels for both. Remember that H4 and larger TFs must have more breathing room, so do not place SL too tightly."
The above taken from the first post. Support and Resistance levels can and will vary from one person to another, as it's discretionary to plot these levels. See attached chart for possible levels (previous and current)
EDIT: sorry didnt realise that Lawgirl had already...
It's clearer now. Appreciate the support!
